International
Ratings agencies positive on Aon/WTW deal
Ratings agencies S&P and Moody's have reacted positively to the Aon and Willis Towers Watson merger deal, despite highlighting "significant" execution and integration risk.
Aon CFO outlines costs and timeline of WTW merger
The cost of bringing together Aon and Willis Towers Watson will be up to $1.8bn over three years, with the combined firm facing a months-long process of securing regulatory approval in almost 100 jurisdictions around the world.
Covéa agrees $9bn deal for Partner Re
Covéa has signed up to buy Bermuda-based global reinsurer Partner Re from the Ferrari-owning Agnelli family for $9bn (£7bn) in cash in a deal scheduled to complete in the fourth quarter of this year.
Fewer than 10% of Hiscox events customers have pandemic cover
Hiscox yesterday played down worries over coronavirus as it revealed it had seen some small claims.
Jon Hancock to become AIG international GI CEO after leaving Lloyd's
Jon Hancock has been appointed CEO of AIG’s international general insurance division, and will join the company this spring.
Egan hails UK underwriting profit at RSA
UK & International CEO at RSA, Scott Egan, has hailed the provider’s underwriting profit for 2019, its first since 2016.
RSA moves back to underwriting profit in UK
RSA has delivered an underwriting profit of £3m in the UK for 2019, reversing the underwriting loss of £93m the year before.
Natural England chair Tony Juniper urges insurers to back upcoming climate talks
The chair of Natural England, Tony Juniper, yesterday urged insurers to put their weight behind upcoming climate change talks in Glasgow later this year.
Lloyd’s modernisation attempts bound to stray down ‘blind alleys’ says John Neal
The team in charge of the Lloyd’s Blueprint One modernisation plans admits the process is not yet pinned down as Lloyd’s CEO John Neal said they would be “happy” to run proofs of concept several times before hitting on success, as the corporation today…
Michael van der Straaten appointed QIC Global CEO
Qatar Re CEO Michael van der Straaten has been appointed CEO of QIC Global.
This week in Post: Do or delay
The government is likely to make an announcement delaying the much-awaited whiplash claims portal in a matter of days, sources close to the project told Post this week.
Blog: Why the City watchdog is right to censure the London market
The Financial Conduct Authority is well within its rights to give the wholesale market a telling off on culture and modernisation, writes Post news editor Jen Frost.
Gunter replaces Hendrick as Axa XL CEO
Scott Gunter has been appointed as CEO of Axa XL joining from Chubb to replace Greg Hendrick who is leaving to pursue other opportunities.
Bollington ceases trading with Gefion
Bollington has suspended trading with Danish unrated insurer Gefion, Post can reveal.
Covid-19: Travel insurers at odds on coronavirus approach
Travel insurers are keeping a close eye Foreign Office travel advice and have taken differing positions on whether travelling to China amid the ongoing coronavirus outbreak would invalidate policyholders' coverage.
Insurance policies likely to provide limited protection from coronavirus costs
Businesses seeking to use insurance to recoup costs incurred by the ongoing coronavirus outbreak are likely to find their cover wanting, due to a raft of exclusions, stringent notification criteria and sublimits.
Gallagher and hotel group reach agreement over alleged Heath Lambert 'secret profits'
Gallagher and Bloody Bay, which is locked in a legal battle with Besso, have reached an out of court agreement over alleged “secret profits” taken by a former Heath Lambert and later Besso employee, Post has learned.
PE driving market consolidation but private ownership still dominates
Exclusive: Private equity houses and PE backed firms were behind more than 50% of UK insurance distribution mergers and acquisitions activity last year in the £5m plus category, Imas Corporate Finance has calculated.
Andy Fairchild to lead Applied in UK
Former Broker Network CEO Andy Fairchild has been appointed to the newly created role of CEO of Applied Systems Europe.
Crawford appoints Caroline Poppleton as D&I inclusion leader in UK
Caroline Poppleton has been appointed diversity and inclusion leader for Crawford’s UK operation alongside her current role as head of business development.
Former Skyscanner chief Rice-Jones to chair Admiral’s aggregator network
Admiral-owned Penguin Portals Limited has picked up ex-Skyscanner chair Margaret Rice-Jones as board leader of the aggregator network.
Interview: Scott Walchek, Trov
One of the original insurtech poster children, Trov recently pulled its personal lines offering in the UK and quickly followed this up by partnering with Lloyds and Halifax on renters’ insurance. Trov CEO and co-founder Scott Walchek sat down with Jen…
Searchlight to buy majority stake in GRP
Searchlight Capital Partners is buying a majority stake in consolidator Global Risk Partners.
Integration headwinds hit UK growth in 2019, says Marsh
Marsh & McLennan Companies has reported revenue of $16.65bn (£12.66bn) and profits of $1.74bn for 2019.